Qinhuangdao Port Co (HKSE:03369) Debt-to-Equity : 0.29 (As of Mar. 2024)

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What is Qinhuangdao Port Co Debt-to-Equity?

Qinhuangdao Port Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$544 Mil. Qinhuangdao Port Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was HK$5,478 Mil. Qinhuangdao Port Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was HK$20,510 Mil. Qinhuangdao Port Co's debt to equity for the quarter that ended in Mar. 2024 was 0.29.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Qinhuangdao Port Co's Debt-to-Equity or its related term are showing as below:

HKSE:03369' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.29 Med: 0.46 Max: 1.02
Current: 0.29

During the past 13 years, the highest Debt-to-Equity Ratio of Qinhuangdao Port Co was 1.02. The lowest was 0.29. And the median was 0.46.

HKSE:03369's Debt-to-Equity is ranked better than
69.13% of 881 companies
in the Transportation industry
Industry Median: 0.56 vs HKSE:03369: 0.29

Qinhuangdao Port Co Debt-to-Equity Historical Data

The historical data trend for Qinhuangdao Port Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Qinhuangdao Port Co Debt-to-Equity Chart

Qinhuangdao Port Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.41

0.45

0.46

0.40

0.33

Qinhuangdao Port Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.38	0.35	0.33	0.33	0.29

Competitive Comparison of Qinhuangdao Port Co's Debt-to-Equity

For the Marine Shipping subindustry, Qinhuangdao Port Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Qinhuangdao Port Co's Debt-to-Equity Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Qinhuangdao Port Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Qinhuangdao Port Co's Debt-to-Equity falls into.

Qinhuangdao Port Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Qinhuangdao Port Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(1238.126	+	5464.398)	/	20151.256
	=	0.33

Qinhuangdao Port Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(543.594	+	5477.799)	/	20510.27
	=	0.29

Qinhuangdao Port Co (HKSE:03369) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

Qinhuangdao Port Co Debt-to-Equity Related Terms

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Qinhuangdao Port Co (HKSE:03369) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Qinhuangdao Port Co Ltd (HKSE:03369) » Definitions » Debt-to-Equity

Traded in Other Exchanges

QHD:Germany 601326:China

Address

35 Haibin Road, Haigang District, Hebei Province, Qinhuangdao, CHN, 066002

Website

https://www.portqhd.com

Qinhuangdao Port Co Ltd is engaged in the provision of integrated port services for customers. It provides integrated port services including stevedoring, stacking, warehousing, transportation, and logistics services. The company handles various types of cargo mainly including coal, metal ores, oil and liquefied chemicals, containers, general cargoes, and other goods. It also provides value-added services including towing, tallying, and coal blending. The company's whole operations are in China.

Executives

He Bei Gang Kou Ji Tuan Guo Ji Xiang Gang You Xian Gong Si	2101 Beneficial owner
He Bei Gang Kou Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

Qinhuangdao Port Co (HKSE:03369) Headlines

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